AKVA group ASA (AKASF) Q2 2026 Earnings Call Transcript

Knut Nesse
Chief Executive Officer

Ladies and gentlemen, good morning, and very much welcome to the AKVA Second Quarter Presentation. The program for this morning is that I will do the introduction and the highlights. Ronny Meinkoehn, the CFO, will do financial performance, and please post any questions during the presentation. It goes straight to the highlights of the second quarter. We had a high quarterly revenue of NOK 1.189 billion and record high quarterly EBIT of NOK 111 million. We had a strong order intake of NOK 1.345 billion and order backlog of approx. NOK 3 billion at the end of the second quarter.

A small contract of approx. EUR 28 million was awarded from Laxey in April, subject to financing, which was secured in June. A dividend of NOK 1 per share will be distributed during the second half of 2026. Strategic review was announced start of April to maximize shareholder value. We’ll give a comment on that later. Then to the figures of the second quarter. It is — in the first place, it’s in line with the trading update we published on July 20. It’s a record high activity level of NOK 1.189 billion, EBITDA of NOK 179 million, where the segments came in Sea Based at NOK 143 million, Land Based at NOK 21 million and Digital at NOK 15 million. Actually, we are pleased with the activity and the performance in all the segments.

EBIT for the group at NOK 111 million which is representing a record quarter. Then looking into the figures for the first half. Revenue there at NOK 2.329 billion, which is ballpark 7% higher than